Wealthfront Advisers LLC Sells 828 Shares of JPMorgan U.S. Quality Factor ETF $JQUA

Wealthfront Advisers LLC reduced its holdings in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) by 3.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 24,802 shares of the company’s stock after selling 828 shares during the quarter. Wealthfront Advisers LLC’s holdings in JPMorgan U.S. Quality Factor ETF were worth $1,489,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JQUA. LPL Financial LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 17.8% in the 1st quarter. LPL Financial LLC now owns 4,388,159 shares of the company’s stock worth $247,799,000 after buying an additional 661,733 shares during the last quarter. Facet Wealth Inc. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 227.7% in the 1st quarter. Facet Wealth Inc. now owns 938,130 shares of the company’s stock worth $53,417,000 after buying an additional 651,818 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of JPMorgan U.S. Quality Factor ETF by 22.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,635,935 shares of the company’s stock worth $92,381,000 after buying an additional 305,026 shares during the last quarter. Walled Lake Planning & Wealth Management LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 2,766.6% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 280,298 shares of the company’s stock valued at $15,828,000 after purchasing an additional 270,520 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 3,760.3% during the first quarter. Allworth Financial LP now owns 236,752 shares of the company’s stock valued at $13,073,000 after purchasing an additional 230,619 shares in the last quarter.

JPMorgan U.S. Quality Factor ETF Trading Down 0.5%

JPMorgan U.S. Quality Factor ETF stock opened at $62.71 on Friday. The business’s fifty day simple moving average is $62.51 and its two-hundred day simple moving average is $60.16. JPMorgan U.S. Quality Factor ETF has a 12 month low of $49.25 and a 12 month high of $63.74. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

JPMorgan U.S. Quality Factor ETF Company Profile

The JPMorgan U.S. Quality Factor ETF (JQUA) is an exchange-traded fund that is based on the JP Morgan US Quality Factor index. The fund selects companies from the Russell 1000 using three quality factors: profitability, earnings, and solvency. JQUA was launched on Nov 8, 2017 and is managed by JPMorgan Chase.